Eastbourne’s Labour Party has welcomed the Chancellor’s U-turn on tax credit cuts in the Autumn Statemnt today.
He announced in his Spending Review that due to improved public finances the Government could reach a surplus while cutting less in the early years of this Parliament.
The proposed changes could have seen some families lose out by £1,300 a year and the House of Lords approved a motion last month calling for the cuts to be delayed until their full impact was understood and transitional protection for low income households was put in place.
Jake Lambert, chair of the Eastbourne Labour Party, tweeted: “Fantastic victory for the Labour Party as Osborne U-turns on tax credits. Thanks to all who joined the campaign in Eastbourne.”
Mr Osborne said earlier today: “I’ve had representations that these changes to tax credits should be phased in. I’ve listened to the concerns. I hear and understand them.
“And because I’ve been able to announce today an improvement in the public finances, the simplest thing to do is not to phase these changes in, but to avoid them altogether.”
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